The need to cannibalize your revenue in SaaS comes in waves. We've entered the new wave, where AI forces the cannibalisation. It will create a revenue trough, which will shorten runway, and force RIFs. Revenue pivots are a critical piece of the startup journey, but boy they take courage, vision, outstanding execution and excellent communication skills. Revenue troughs that are too deep are existential threats for startups Shallow revenue troughs are best, however the more shallow the trough The greater the chance the pivot has not been fully committed to. All the while founders have to maintain enough runway to keep running the business. But how do they raise capital to have the runway required When they are reporting slowing growth? It's a wild conundrum that we speak about with founders very frequently. I've personally led these pivots in 3 of my previous companies And we routinely explore these revenue pivots with our clients If you're a SaaS CEO/founder, this will keep you up at night. And I know almost every founder that's not AI native, faces this issue. For a deeper dive on how to navigate this existential conundrum Sign up to our newsletter, it's FREE Or drop me a DM and let's find time to talk it through. #sales #saas #startups #GTMdebt #venturecapital
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What's so hard? 🔥 Building isn't hard. 🔥 Marketing isn't hard. So what's so hard about building a SaaS startup? 💡Finding your true customer. 💡Understanding their true needs, and not our biased interpretation of their needs. 💡 Talking to them in their language, to provide a solution when they are reaching for it. What else??? Startups aren't for the meek. Yet, they are for the mildly insane and sometimes pragmatic. #ai #startups #decisionsupport #cognitivebias
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🚀 New Interview Alert: From Bootstrapping to #YCombinator Triumph 🚀 🔍 Discover the Journey: Embark on an inspiring journey with Matt Williamson, the visionary behind Vizzly (YC S22). From its bootstrapped beginnings to securing a coveted spot in Y Combinator, Vizzly's path is a testament to the power of data-driven #SaaS solutions and entrepreneurial grit. Gain exclusive insights from Matt Williamson on the intense application process, the daily grind at Y Combinator, and the unanticipated challenges and triumphs of being part of such a prestigious accelerator. Learn from Matt's advice on considering accelerators for your #startup. Understand the importance of aligning your vision with the right type of investment and the criticality of demonstrating a solid business model and purpose in your application. 🔗 Read the full story via the link! https://lnkd.in/dGV_SgHc 👉 Stay tuned for more insights and stories that fuel the entrepreneurial spirit! #bootstrapping
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Building AI SaaS MVPs Fast Tracked in 2 Weeks | Developed 30+ AI Solutions For Global Clients | AI Solutions Architect
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This week attended a demo day of a prestigious accelerator program in the valley. Here are my three takeaways for founders navigating the VC/angel etc. meetings and demo day circuits: 1️⃣ It's a new ball game! Forget the days of tech buzzwords, past achievements of founders. Investors want to see real field traction—actual revenue and, at the very least, customer discovery data if the revenue isn't flowing yet. 2️⃣ Days of "Just add AI" to get funded are dead. AI is cool, but not a golden ticket. Carefully choose your startup focus. 3️⃣ SaaS founders, this one's for you! 🚀 Product Led Growth (PLG) is your secret sauce. Put it front and center because, let's face it, all other growth models are resting in peace. 💀 (Sales and CS people take note as well, this is the way SaaS revenue will be driven in the near future.) Adapt, grow, and keep those pitches sharp! #StartupInsights #startup #FoundersJourney #founderlife #founders
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Boost B2B SaaS with strategic product positioning | professional virtual assistants trained by industry sales & marketing experts
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In the fast-paced world of startups, the simple act of listening to your clients can transform challenges into opportunities. Our co-founder, Joana Inch, alongside Tadej Bogataj, co-founder of CartBoss, delved into the critical role of client conversations. These discussions are far more than routine exchanges - they’re often rich sources of insight that drive strategic growth. 🔑 Never underestimate the power of listening to customer feedback; it might just be the key to unlocking your startup's potential. Catch the full conversation here ➡️ https://spoti.fi/3U87iTE #Startup #SaaS #SaaSStories #Marketing #CustomerFeedback
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"I enjoyed it more than I thought I would" My favourite comment from my masterclass session FOUNDRY yesterday with FinTech West. For those that missed it, here are the top five f@%k-ups I see startups make and how to avoid them... F-up#1: Build it and they will come Of the three main startup business models solution-first is the hardest to execute as it's an inside-out approach centred on the product. Problem-first or audience-first models are outside-in, customer-first models that have a higher probability of success. Check out Pierre Herubel for his insights here. F-up#2: This is for everyone! Just no. Not everyone needs your product. Start by experimenting across the TAM. Identify where you get traction. Focus on that segment, and then once conquered, expand to an adjacent segment. Credits to Robert Kaminski 🎯 his model. F-up#3: Marketing = leads, Sales = Deals This is a very old-fashioned approach. Think of marketing and sales as a partnership to drive revenue. Their job is to build and drive the growth engine for your business - and both should co-own the revenue number. F-up#4: Chasing shiny things Jumping from one idea to another without learning will kill your startup. Instead, pursue a strategy and adjust it using quantified feedback from your market. F-up#5: The best product wins There is no such thing as a 'best product'. The job is to build a go-to-market strategy that most effectively engages your target customers with the right offer based on their needs. And my free bonus F-up.... Lack of focus I see so many startups and scale-ups fail to focus. Understand what you can be best in the world at and stay focused on that. All else will follow. And thanks Matt King for the photo :-) #GTMlessonslearned #startups #gottomarket #fintech #SaaS
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CRO ⋆ Board Member ⋆ Strategic Growth Advisor 📈 ⋆ Go-to-Market ⋆ AI ⋆ SaaS ⋆ Enterprise ⋆ Startups ⋆ Private Equity & Venture Capital ⋆ Servant Leader ⋆ Mentor ⋆ Enemy of Dogma ⋆ Friend of Dogs
2moThe more time in the trough, the more likely you're led to the slaughterhouse... 🐷 You nailed it Wayne Morris. It's one of the toughest things to do, especially for founders. It takes courage, vision, execution, communication...and *humility*. Cling too tightly to the idea that got you that far - the idea that is now being displaced, disrupted, disintermediated - and you're sealing your fate! ☠